TPG, AA up JAL offer
American Airlines CFO Tom Horton said publicly in Tokyo that his company and TPG Capital would increase their joint investment offer for struggling Japan Airlines, indicating up to $1.1 billion could be committed, much of it drawn from TPG.
The new offer is intended to trump a rival offer of $500 million of new equity and $500 million of asset-backed financing and compensation from Delta Air Lines, which is attempting to draw JAL away from...
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